OKLAHOMA CITY, Oct. 5, 2012 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) ("Gulfport") today announced that it proposes to offer, subject to market conditions and other factors, $250 million aggregate principal amount of senior notes due 2020 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Gulfport expects to use the net proceeds of the offering to repay Gulfport's outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes, including the funding of a portion of its 2012 and 2013 capital development plans.
Gulfport Energy Corporation Launches Proposed $250 Million Senior Notes Offering
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